Wallenstam makes additional investment in solar cells

Earlier this year Swedish real estate company Wallenstam invested SEK 10 million in solar cell manufacturer Exeger, formerly known as NLAB Solar, and became a new shareholder of the company. Wallenstam now increases its shareholding in Exeger and invests an additional SEK 10 million.

“Today, we are the only real estate company in Sweden that is self-sufficient in renewable energy and wants to develop our investments in the environment further and find new possibilities. We have chosen to invest in Swedish Exeger which now develops industrial production of the next generation solar cells, an exciting enterprise that we have great belief in,” said Wallenstam CEO Hans Wallenstam in a press release.

The solar cells developed by Exeger are called Dye Sensitized Solar Cells (DSC) or Grätzel cells after the inventor professor Michael Grätzel. The DSCs are produced with basic technologies and abundant materials and can harvest energy in low light conditions, making the cells suitable for both indoor and outdoor applications.

“It’s inspiring that Wallenstam which resolutely invests in renewable energy choses to invest in Exeger. Our vision is to technically and aesthetically integrate solar cells in buildings such as facades, windows and roofs as well as in consumer products like laptops and e-readers,” said Exeger CEO Giovanni Fili.